Professional Documents
Culture Documents
Presented By: Shiwali Gupta
Presented By: Shiwali Gupta
Shiwali Gupta
WHAT IS A BRAND?
A brand is a name, term, sign,
symbol, or design, or a
combination of them, intended to
identify the goods or services of
one seller or group of sellers and to
differentiate them from those of
competitors.
CONTD….
A brand is a product or service
that adds dimensions that
differentiate it in someway from
other product or services designed
to satisfy the same need.
ROLE OF BRANDS
It identify the source or maker of
a product and allow consumers to
assign responsibility to a particular
manufacturer or distributor.
It also perform valuable functions
for the firm.
It can signals the level of quality.
CONTD….
It can be seen as a powerful
means to secure a competitive
advantage.
It represents enormously valuable
pieces or legal property that can
influence consumer behavior.
TYPES OF BRANDING
National Brand
Private Brand
Generic Name Brand
Generic Goods
NATIONAL BRAND
Products that carry the name of
the manufacturer
- other examples????????
Styrofoam, Jello, Vaseline, Q-tips,
Kleenex
GENERIC GOODS
Non-branded products that sell at
discount.
i.e. dish soap, toilet paper,
aluminum foil, etc.
THE SCOPE OF BRANDING
Branding is endowing products and
services with the power of a brand
It teaches to consumer:
“Who”-the product is-by giving it a
name and using other brand
elements to help identify it
CONTD….
“What”-the product does and
“Why”-the consumer should care.
BRAND EQUITY
It is the added value endowed to
products and services.
It is important intangible asset
that has psychological and
financial value to the firm.
CUSTOMER BASED BRAND EQUITY
It can be defined as the
differentiated effect that the brand
knowledge has on consumer
response to the marketing of that
brand.
It is positive if consumer react
more favorably to a product
CONTD….
and the way it is marketed when
the brand is identified as compare
to when it is not .
It is negative if consumer react
less favorably to marketing activity
for the brand under the same
circumstances.
BRAND KNOWLEDGE
It consists of all the thought,
feelings, images, experiences,
beliefs, and so on that become
associated with the brand.
E.g.-Volvo(safety)
Hallmark(caring) etc….